KINROSS GOLD CORPORATION (TSE-K, NYSE-KGC) announced that it will acquire 800,000 flow-through common shares
Toronto, Ontario - KINROSS GOLD CORPORATION (TSE-K, NYSE-KGC) announced that it will acquire 800,000 flow-through common shares representing 40% of the recently announced issue of 2,000,000 flow-through common shares being offered by Pentland Firth Ventures Ltd. at $2.00 per share.
On completion of this transaction and assuming that all of the 2,000,000 flow through common shares are placed Kinross will hold an aggregate of 6,063,876 common shares or 40.6% of the issued and outstanding common shares of Pentland Firth Ventures Ltd.
This transaction is scheduled to close on or before May 29, 1996.
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